3 months on rocket

228 Wildwood Acres, Madison Heights, VA, 24572

$900,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,880 SqFt
$313/SqFt
Multi

Location

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228 Wildwood Acres, Madison Heights$900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1903
MLS #353802
Lot Size14.32 Acres
StatusActive

About 228 Wildwood Acres

Investment Opportunity in Amherst County: A Prime Development & Rental Property.Discover a rare investment opportunity in Amherst County, where significant development is underway. This expansive property spans over 14 acres and includes a charming 1900s farmhouse, two duplexes, and one triplex. Currently, there are eight rented units, including the farmhouse, providing immediate income potential.Over 14 acres of land with a 1900s farmhouse, two duplexes, and one triplex.The property boasts eight rented units, offering a steady revenue stream.Located in a rapidly developing area, this property is poised for future growth and value appreciation.Situated just minutes from local amenities such as grocery stores, shops, and restaurants, this property offers convenience and accessibility. The proximity to the 460 bypass and Route 29 ensures a quick and easy commute to Lynchburg, making it an attractive location for tenants and potential buyers.Pond on property

Property Details

Property Features

Property Information:

  • Year Built: 1903
  • Living Area: 2,880 SqFt

Listing Office:

  • Office Name: Keller Williams
  • Listing Agent: Christina Holmes

Lot Features

Lot Information:

  • Lot Size: 14.32 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $900,000
  • Price Per SqFt: $313/SqFt
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Housing Market Comparison

See how this home compares to others in Madison Heights, VA.

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Madison Heights, VA

City

Med. Sold Price

$261.5K

Med. Price/SqFt

$159

Avg. Days On Market

31

# of Sold Homes

13

228 Wildwood Acres vs Madison Heights

96 DAYS ON ROCKET

+65 Days

$900,000

+$638.5K More

$313/SqFt

+$154 More

KEY TAKEAWAY

This property is $638.5K more than the Median Sold Price and $154/SqFt more than other homes in Madison Heights, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Lynchburg
  • MLS Number: #353802

Listing Office:

  • Office Name: Keller Williams
  • Listing Agent: Christina Holmes

Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Lynchburg Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 5:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,765

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-56089
4
/10

  • Madison Heights Elementary School

  • 287 Learning Ln

  • 1.55 miles

  • Public District Grades PK-5

school-card-donut-56090
2
/10

  • Robert S. Payne Elementary School

  • 1201 Floyd St

  • 2.41 miles

  • Public District Grades PK-5

school-card-donut-56091
6
/10

  • William M. Bass Elementary School

  • 1730 Seabury Ave

  • 2.59 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,286. Most Madison Heights, VA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Amherst County›Madison Heights›24572›228 Wildwood Acres

This home is located at 228 Wildwood Acres in Madison Heights, VA and zip code 24572. This 2,880 square foot home, which was built in 1903, sits on a 14.32 acre lot. It has been listed on Rocket Homes since August 01, 2024 and is currently priced at $900,000.

Madison Heights, VA housing market in October 2024 saw over 2 listings sold above listed price, more than 3 sold at listed price and over 8 sold below. Between September 2024 and October 2024, Madison Heights, VA real estate market has seen increase in the number of listings by 19.7%. In October 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $261,500.

From Rocket Homes Real Estate and based on county public records data.

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